The crypto-verse has moved from the first stage of foundation-building and establishment. Virtually every developed and developing nation in the world today has a share in the global crypto pie. As a result, the current crypto era is all about innovation and the adaptation of blockchain solutions to a variety of old and new problems. But, the crypto industry has to overcome some of the present hurdles first, including the rise in regulations and the relegation of user privacy.
Regulations are popping up left and right. Governments are fighting to safeguard their economies from overexposure to criminal elements. However, crypto proponents are also doing their best to ensure that the entire blockchain ecosystem is not criminalized because of some mischievous users. In the meantime, innocent users are lost in the middle, pondering whether anonymity and privacy are still genuine components of crypto.
The crypto industry has an odd relationship with privacy issues. On the one hand, due to the public verifiability of transactions, the movement of money is easily traceable. On the other hand, privacy and confidentiality are core pillars of the crypto-verse. The system is thus balanced since it offers users a variety of ways to maintain their privacy. However, now that more governments are taking more active steps towards streamlining the crypto industry in a way that they can manage, the balance of security and privacy in the system is no longer reliable.
So, to ensure that your crypto assets, investments, and activities are private, here are 5 things you can do.
The way blockchains operate, anyone who knows your address on the blockchain has automatic access to information that is supposed to be private. Say you want to pay a customer in crypto and exchange addresses. This customer can use any number of tools, including a block explorer, to check your transaction history and find out the size of your crypto pocket.
One of the easiest ways to get out of this situation is to use a new address every time you have to engage in crypto transactions with someone. This helps you spread your activity and asset tracks across a wide range of wallets and addresses. When people look up the address you gave them for a transaction, they will not be able to find out the size of your crypto assets or even the entirety of your transaction history.
You can also be a bit more systematic by using several different wallets at the same time. With each wallet holding a certain amount of your investments and transaction history, you will be able to hide the majority of your crypto activities. This is another reason prominent crypto enthusiasts have accounts with multiple crypto exchange platforms. Each of these platforms serves as a separate bank, so to say, where they can create multiple wallets and use crypto addresses that help them shield their assets and activities from scrutinizing minds.
It is a fact that all crypto platforms, decentralized or centralized, are supposed to prioritize user privacy and security. This is because privacy and security are core components of the crypto-verse, ensuring that blockchains are not perpetually vulnerable to malicious break-ins. However, even though crypto exchange platforms are supposed to be user-centric and therefore give precedence to user security and privacy, this is not often the case.
To be fair, crypto platforms cope with many challenges. They have to ensure efficient transactions, deal with verification problems, maintain liquidity pools, and monitor the flow of tokens per time. Even though automated systems are employed for these functions, these systems are not omnipotent. Therefore, the crypto-verse is made up of many crypto platforms that are biased towards one or two of the foundational components of blockchain technology.
So, very few crypto platforms can effectively handle multiple components at the same time and therefore promote all the advantages of using crypto instead of the old system. You should be on the lookout for these innovative platforms because they use novel methods to prioritize user security and privacy.
One such crypto platform is Kyrrex, the innovative digital bank for all things crypto. The platform prioritizes several core crypto components, including security and privacy, transaction speed, trading ease, wide-range online integration, and user access to support. It uses hybrid cryptographic encryption methods to ensure that user data is hidden behind multiple layers of database security.
So, instead of using platforms that promote anonymous crypto trade or those that say nothing about the privacy and confidentiality of user data, use platforms that value and promote the safety of user assets. This choice covers you from virtually every danger of privacy violation, leaving your crypto exchange platform to worry about privacy and security concerns.
From the way crypto critics talk about the porosity of blockchain ledgers and transactions, you would think that every exchange ends up with one side more vulnerable to the assault of hackers than before the transaction. In truth, security and privacy are fundamental components of the crypto-verse, so every platform regards these components highly. (Only that some platforms, as we have shown, are more particular about them than others.) Therefore, there are privacy tools specially designed to promote the confidentiality of crypto users. Examples of such tools are zero-knowledge proofs, mixers, and ring signatures.
Consider zero-knowledge proofs. These are handy privacy tools because they are straightforward in their function. These proofs enable a user to confirm that they validated a particular crypto transaction and do so without having to provide their public keys to be believed. Ordinarily, publishing your wallet address is the traditional method of verifying transaction claims. However, with zero-knowledge proofs, you don’t have to give away your public address.
Zero-knowledge proofs are a derivative of zero-knowledge encryption, a system that ensures that a user’s access codes are only known to the user and no one else. So far, this system has been adopted in crypto security with the proofs. However, efforts are being made to fully adapt them such that they can become core features on every crypto exchange platform and service. That way, blockchain ledgers can remain transparent at the same time that users can shield their crypto activities and assets from other users and platforms.
Mixers and ring signatures serve similar functions in using both simple and complex methods to hide details of user transactions. Mixers, especially, require a third party whose database becomes the exchange point between crypto users. Therefore, transactions will be traced to the third party instead of the engaging crypto user.
All these tools are useful for protecting user crypto assets, activity, and privacy. Many crypto exchange platforms use them in one way or another. Therefore, you can rely on them as well.
VPNs have become one of the most convenient and valuable features for digital privacy and security. The best selling point of these services is that they can hide your online footprints, especially your IP address, from web trackers, governments, and even some crypto platforms. Therefore, using VPNs whenever you trade in crypto is one of the surest ways to preserve your privacy.
Every knowledgeable crypto user knows that some crypto platforms log users’ IP addresses to increase the efficiency of their services. The problem with this is that whenever hackers gain access to these platforms, they can make away with this information. Once this happens, you can expect clever hackers to try to make as much profit from their theft, including tracing your crypto transactions and finding out ways to defraud you eventually. When you use a good VPN that prevents any platform from logging your IP address, you remove yourself from this narrative of hackers and possible fraud.
One thing to keep in mind is that all VPNs are not the same. To use George Orwell’s words, all VPNs offer privacy values, but some VPNs offer more privacy values than others. You can be sure that premium VPNs (those whose services you have to pay to use) are generally more secure and reliable than free VPNs. So, to be safe, never use a free VPN with your crypto transactions.
The easiest way to lose your privacy and be flushed out of your crypto anonymity bubble is to engage social media with your crypto activities. Social media space is virtual, yes, but it is also all-reaching. With many online platforms integrated, every internet user is a flashing point that can be identified on the web. So, when you publish aspects of your crypto activities on social media, you are essentially throwing out pieces of meat and waiting for wolves to trace them back to you.
Granted, there is no reason a rational crypto user would want to have their crypto activities and assets exposed to the world. We all value our privacy, especially as it has to do with financial assets. But it is also very easy to accidentally compromise this privacy on social media.
Say, a celebrity asks their followers to drop their wallet addresses online so they (said celebrity) can give them (the followers) crypto for free. Once these addresses are posted online, they are almost certainly forever ‘inscribed’ on the walls of that social media platform. Any Tom, Dick, and Harry can follow these crypto addresses back to the user, look into their history, and think up ways to take advantage of them.
So, pay extra attention to how you post your stuff on social media. Keep in mind that it is difficult to erase online posts and that there is no steel-solid guarantee that hackers will not break into your social media accounts, even if temporarily. Therefore, endeavor to keep from posting your public and private keys online, whether in private chats or public posts.
So, to conclude, user privacy is very important to the crypto-verse. The appeal of the blockchain revolution is that it grants users more freedom over their assets and financial choices. However, once user privacy is compromised, this freedom counts for nothing. Therefore, the suggestions submitted in this article are simple but effective in safeguarding your place and future in the crypto-verse.
Kyrrex has recently celebrated its 4th anniversary and presented a Tournament Platform for our users. We have worked for a long time so that every crypto trader can earn extra profit while trading with Kyrrex.
Now, it's time to launch the first Kyrrex Birthday Cup crypto tournament dedicated to celebrating the 4th Kyrrex anniversary with a prize pool of 10,000 USD! If you are fond of trading and winning valuable prizes or rewards, here's your chance. Get in!
Every Kyrrex user can participate in the tournament regardless of experience. The participation rules are simple and easy to understand, even for newbie crypto-enthusiasts.
▪️ Prize Pool: 10,000 USD (in KRRX tokens)
▪️ Tournament Duration: 27.09.2022 –25.10.2022
▪️ The Main Conditions: register, trade, and get rewarded for active and profitable trading during the tournament (prize pool will be distributed among winners based on the ROI)
With so many obscure terms and abbreviations on the internet, it is difficult to make sense of the trends they represent. This is more so when said trends are supposed to have great value and earn you a lot of money. Web3 is one such popular buzzword on the internet. However, despite its popularity, many people have a small grasp about its meaning and value. Therefore, this article briefly explains the meaning and value of Web3. The article also highlights some of the most fundamental differences between Web3 and Web2 and outlines some of the best use cases and applications of Web3. Lastly, the article sheds light on some of the opposition to Web3.
Web3 (or Web 3.0) is the theorized evolution of Web2, the current internet framework. It is a framework that includes everything the internet is about, including enabling infrastructures that allow users to access and use the internet. Unlike Web2, the development of Web3 is still ongoing but its proponents are convinced that it would revolutionize the internet as we all know it. However, this makes it difficult to define. So, here are five (5) definite things about Web3.
The first generation was Web1 and characterized the earliest period of internet usage until around 2003. This internet framework used a lot of open protocols, especially HTTP, and users could only read the content. The second generation of internet frameworks was Web2. Social media is the main feature of this generation and users are able to create and market products on the internet. Web2 is the current framework.
Web3 is the third generation of the internet. It is driven by a decentralized system with the largest fraction of the internet owned and operated by user communities rather than big tech companies. It is still in the pipelines but is supposed to be superior to Web1 and Web2 in its integration with real life, quality of content, ease of generating and marketing user products and services, and more compatible assimilation with imminent technological innovations. Also, the Web3 framework is powered by the open-source license and does not require third parties to authenticate interactions (so it is trustless) or permit them (permissionless).
Web3 does not support any kind of autocracy. With respect to governance, it mirrors the core characteristic of decentralized blockchain governance. Big tech companies are removed from making administrative decisions. Instead, the governance of the internet is left to DAOs (Decentralized Autonomous Organizations). These are groups and communities bound by fixed rules and regulations coded into and overseen by protocols in a blockchain. As a result, no single entity is all-powerful or irreplaceable, the way we have it with Facebook and Twitter now, for instance.
So, with Web3, everything is distributed, from governance to opportunities. Users have governance tokens and can take up the responsibility of temporary leadership. Similarly, random users have tokens that allow them to ‘plug in’ to investment opportunities without relying on government policies.
The first two generations were mostly centralized and ordinary users were either only passive observers or subsidiary beneficiaries. Conversely, Web3 is all about creators and users. The internet in this form does not offer any unseen value to big corporations or governments. Instead, content creators and users are given all the privileges to work and earn.
For instance, Web3 allows creators to earn money by gaining direct access to users without having to pay intermediaries to help them facilitate this link. Also, users earn money by buying direct stakes in creators’ content. Web3 also offers provisions for users to sell their data to whoever needs it. So, Web3 does not run the adverts-based business model which is one of the defining features of Web2, and it has a lot more privacy.
On Web3, value is sovereign. The current internet framework is not democratized for value creation. This is why it has been described as the internet of information, much like Web1. But Web3 is all about what is valuable. So, the more value a creator can offer to users, the more valuable the creator is rated on the internet.
Put differently, Web3 promotes innovation. As a result, online communities are built around innovation and value creation rather than corporate sovereignty. It is a framework of meritocracy where Peter Parker can design his Spiderman suit at home and Dr. Otto Gunther Octavius can build his octopus tentacles in his lab.
Web3 is also the framework for the anticipated future of decentralization. This future is written around users and gives them a lot more control and influence over their data and web activities. In the area of social media, for example, users can rely on Web3 to interact with the ‘metaverse’ or the universe of digital things. This way, they will be able to work and earn, as well as amuse themselves with different varieties of dynamic platforms and access tokens.
The Web3 framework will also allow users to gain access to crypto-related features without going through meddlesome middlemen. These include all kinds of trade and investment platforms, cryptocurrency, NFTs (non-fungible tokens), gamification, and all that. So, in the fewest words, Web3 will let people make better use of the offerings of the crypto industry.
The Ethereum network is undergoing a series of upgrades, introducing dozens of changes to the network, including a move from the Proof-of-Work consensus mechanism to Proof-of-Stake.
Monday’s successful activation of the Bellatrix upgrade is one of the final steps before the completion of the Merge, a software update that is expected to be completed between September 13-15.
Kyrrex supports the Merge, providing the highest level of security and privacy for users. If the Merge is successful, ETH holders (in wallets, in staking, or in orders) will receive the updated ETH tokens by airdrop on a new consensus.
However, deposits and withdrawals on the Ethereum network will be temporarily unavailable during the upgrade. After the successful upgrade, all ERC-20 functions and operations will be restored on Kyrrex.
The Merge represents the joining of the existing execution layer of Ethereum with its new Proof-of-Stake consensus layer. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
Ethereum will likely hold center stage for weeks, as crypto investors await the results of the Merge, which was first announced in December 2020. With the move, minting new Ether tokens will consume much less energy than before. The potential also exists for the supply of Ether to become reduced post-Merge, which would make it a deflationary currency. A more limited supply of ETH will likely lead to higher valuations for holders.
Use this opportunity for your profit!
As Kyrrex gets bigger and stronger, we are introducing new functionality for all crypto-enthusiasts and users of our platform 🚀
This autumn we launch the Kyrrex Tournament Platform and Referral Program. These are brand-new features that will diversify every Kyrrex user's crypto trading experience.
Let's take a look at the new functions.
We envision our new Tournament Platform as the premier destination for cryptotraders and newbies to test their trading mettle.
Compete in tournaments with other traders, produce the highest ROI, and win real crypto rewards. The prize fund will be available not only for winners but for other participants as well.
Our team has been developing this service for a long time so we can give you a seamlessly designed and intuitive platform that lets you access competitions without any restrictions.
✨ Shortly, we will launch our first tournament dedicated to the 4th Kyrrex Birthday. Stay tuned for further updates ✨
As crypto continues to grow in popularity, more people are looking for new and profitable ways to get involved in this dynamic market. As we expand our reach to more people through our comprehensive trading services, we have prepared many benefits for you and your friends to join Kyrrex.
The all-new Kyrrex Referral Program rewards you with bonus crypto when you invite friends to create an account and trade on Kyrrex. When you refer friends to our platform who make some trades, Kyrrex will give you up to 60% of their transaction fees as a bonus. The more active referrals you bring to Kyrrex, the greater rewards you will get
Here's a simple guide to earning with our referral program:
Don't waste time and join the Kyrrex referral program — the most active users have already started earning!
All these updates offer more benefits to you and your friends. With fresh ways to add to your crypto income—through tournaments and referrals—your experience on Kyrrex will be more rewarding.
Your Kyrrex 💚
We want to take this moment to thank everyone for being part of our great Kyrrex community united by the common goal of creating a global regulated crypto-fiat ecosystem.
Our team has come a long way in the past year, developing and presenting new services, products, and enhancements for your better trading experience. It has been a fascinating journey 💪🏼
However, we won't stop there! Our team is constantly growing so that each of you can access improved Kyrrex crypto-fiat ecosystem products. We have a lot of work ahead of us, and we're aiming for significant results – we're in first gear 📈
✨ Shortly, we will delight you with hot releases, announcements, and exciting contests. So stay tuned for more updates! ✨
Thank you for staying with us!
Viktor Kochetov and Mykhailo Romanenko
There was a time when every newbie to the crypto industry had to have a Crypto.com account. Because of the exchange platform’s advantages, including its extensive list of popular cryptos and low taker fees relative to other platforms, it was very popular. But with the introduction of more radically effective and innovative platforms, things are different now.
Maybe you want to delete your Crypto.com account because trading on the platform is expensive unless one has a lot of its native token. Or maybe you can’t make heads or tails of its trading fee discount tiers. Whatever the case, as long as you are not pulling out of all things crypto and simply want to delete crypto com account, this article is for you. In this article, we show the requirements you need to delete crypto.com accounts.
But, first, a set of disclaimers.
You cannot willy-nilly delete a Crypto.com account. Here is a list of the things you need to have.
The first step to deleting your Crypto.com account is to craft a well-structured email. Crypto.com only complies to requests to delete accounts when these requests are forwarded to the platform via email. So, construct an email with ‘Close Account’ as the heading (or subject) and the email address you used to register your Crypto.com account.
The second step involved in deleting your Crypto.com account is to attach an image with the necessary details to confirm that the account is yours. These details include a clear image of your face, your full name, the current date (MM-DD-YYYY or DD-MM-YYYY), and ‘Crypto.com’ written underneath. So, you can use a plain sheet of white paper to write your name, the date, and the name of the platform in very clear and legible print. Once you have determined that the print is clear enough, hold it to your chest and take a clear shot. Then attach this shot to your email.
Having attached the image of you holding a piece of white paper to the email, make sure to send the email to email@example.com. This is the approved email address for deleting Crypto.com accounts. Don’t send the email to Crypto.com mistakenly as such emails will not be attended to, assuming they deliver.
After sending the email to the correct address, you have to wait between 24 and 48 hours for a response from Crypto.com. If you don’t get a response, it would mean that the information you included in the email is incorrect. So, make sure to go over said email, especially the address from which you intend to send off the request.
Once Crypto.com has confirmed your request, you can go ahead and delete every app or file associated with Crypto.com on your mobile phone. You should do the same with your web browser. This will save you from having your data invariably transmitted to the platform.
As long as you follow the steps cited above, you will be able to successfully delete your Crypto.com account.
Opera's acclaimed Crypto Browser has finally found its way to iOS devices, paving the way for iPhone and iPad users to access decentralized browsing with a built-in crypto wallet.
The mobile browser was previously available on Android devices only. The latest development means users can now access web3 on all major mobile phones and tablets. The browser is also available on Windows and Mac.
The dedicated crypto browser is Opera's response to the need for an all-inclusive web environment where new and veteran crypto enthusiasts can interact with dApps in an efficient manner. The browser's list of supported blockchains includes Ethereum, Polygon, Celo and Bitcoin. The browser lets you do all your crypto without the need to install extra apps or extensions. You can even use third-party wallets in the app, making it an all-in-one expansive crypto experience.
The Opera Crypto Browser provides deeper functionality for crypto enthusiasts to utilize. Opera says users can use the browser as their one-stop-shop for cryptocurrency-related information thanks to the Crypto Corner. This curated and integrated newsfeed-like feature provides instant and updated access to the latest happenings in blockchain. In one spot, users can learn about the newest airdrop campaigns, crypto news, events, calendars, NFTs, and get educational content in written, audio and video forms.
Here are some other features of the browser:
“The Opera Crypto Browser Project was built to simplify the Web3 user experience that has often been bewildering for mainstream users. Opera believes Web3 has to be easy to use in order to reach its full potential and a mass adoption,” Jorgen Arnesen, executive vice president of Mobile at Opera, said in a statement.
To this end, the company has partnered with DeversiFi and StarkWare to integrate Layer-2 into the browser. This provides users to much faster, low-cost transactions and instant trading. This feature will be available on both the iOS and Android mobile apps and is part of Opera's commitment to making web3 easier for everyone.
Opera's inclusion of Layer-2 tech will also help address concerns regarding the high power consumption of blockchains like Ethereum.
So, the iOS version of Crypto Browser has landed, great. But what does it mean, in practical terms, for the everyday user?
Firstly, it means that you no longer need to download several applications to handle different aspects of your crypto experiences.
Do you want the latest crypto news, you can find it in Crypto Corner.
How about instant access to your Ethereum wallet? No, you don't need to download Metamask: You can access your funds with the integrated wallet here.
Fine, you'd like to connect your wallet to your favorite dApp? Say no more Crypto Browser is there for you.
In essence, the browser simplifies what can be a stressful exercise of using multiple apps to keep tabs on things and do stuff.
The official Opera Crypto Browser is now available on the Apple App Store and it's absolutely free! Hidden charges? Nope. In-apps purchases? Nah.
Simply open the Store, search for the app, install it, and enjoy next-level web3 service on a mobile browser.
You may be interested in secure crypto trading Kyrrex app: